On March 30, Francine's Bakery purchased $1,000, plus 13% HST, of merchandise on account from Smithers Company.
Fantastic news! We've Found the answer you've been seeking!
Question:
On March 30, Francine's Bakery purchased $1,000, plus 13% HST, of merchandise on account from Smithers Company. The goods were shipped F.O.B. shipping point. The freight charge of $80 (includes HST) was paid by Smithers Company and added to the invoice. The amount to record in the Accounts Payable account is
a. $1,210
b. $1,110
c. $1,310
d. $1,410
Expert Answer:
Posted Date:
